Representatives from MDAs. UMRA Licensees-Money Lenders, Representatives of Media, All the invited Guests in your respective capacities, Ladies and Gentlemen; Good Morning, It is my pleasure to welcome you to the compliance requirements workshop organized by Uganda Microfinance Regulatory Authority. I would like to begin by commending the Directors and Senior Management of Money Lending […]
UMRA wishes to notify all registered societies to regularize their operations by complying with section 6 of the Tier 4 Microfinance Institutions and Money Lenders Act, 2016.
Uganda Microfinance Regulatory Authority (UMRA) takes this opportunity to inform the general public
that the list of licensed SACCOs, Non-Deposit Taking Microfinance Institutions and Money Lenders as of
March 2022 is now available on the website.
Uganda Microfinance Regulatory Authority (UMRA) was established by section 6 of the Tier 4 Microfinance Institutions and Money Lenders Act, 2016 to license, regulate and supervise Tier 4 Microfinance Institutions and Money Lenders in Uganda.
Uganda Microfinance Regulatory Authority (UMRA) has stopped issuance of licenses for calendar year 2020 after licensing a total of 894 institutions around the country.
Ms. Edith Namugga Tusuubira is the new substantive Executive Director of the Uganda Microfinance Regulatory Authority. Ms. Edith Tusuubira replaces Mr. Elly Avu Biliku, who has been acting as the Executive Director.
Edith possesses over 20 years of experience in the field of financial/ investment/risk analysis and project management, 15 years of which are senior management responsibilities. This experience enriches Edith’s successful track record of leadership on teams.
In May 2016, Parliament passed the Tier 4 Microfinance Institutions and Money lenders Act to Regulate the Tier 4 Microfinance Institutions and Money Lenders with the objective of protecting the borrowers against bad lending and unethical practices of the lenders, to build confidence in microfinance business and promote financial inclusion.